CDFM Mod 3 Exam with Accurate
Solutions
DD Form 1610 - correct Answer-Request and Authorization for TDY Travel of DoD
Personnel
DD From 1351-2 - correct Answer-Travel Voucher
DD Form 2657 - correct Answer-Daily Statement of Accountability
SF 1219 - correct Answer-Monthly Statement of Accountability
DD Form 2665 - correct Answer-Daily Agent Accountability Summary
DD Form 2659 - correct Answer-Voucher Control Log
SF 215 - correct Answer-deposit ticket
OTCnet - correct Answer--reports checks and cash deposits
-aids classification for treasury
-makes own ticket (deposit ticket)
DD Form 1414 - correct Answer-Base for Reprogramming Actions
DD Form 1415-1 - correct Answer-Reprogramming Actions
DD Form 1415-3 - correct Answer-Prior Approval and Internal
DD Form 1416 - correct Answer-Report of Programs
Title 10 USC - correct Answer-Outlines the role of the armed forces. It provides the legal
basis for the roles, missions, and organization of each of the services, as well as, the
United States Department of Defense.
Debt Collection Improvement Act of 1996 - correct Answer-It specifically requires that
any debt more than 180 days old and not in litigation be referred to the U.S. Treasury
for action
1990 - CFO Act - correct Answer-Required:
- Appointment of a chief financial officer in twenty-four
, major federal agencies
- Financial reports for business operations
1993 - Government Performance and Results Act (GPRA), as amended by the GPRA
Modernization Act of 2010 (P.L. 111-352) - correct Answer-Required agencies to:
- Define long-term goals
- Set performance targets
- Report actual performance
1994 - Government Management Reform Act (GMRA) - correct Answer-- Required
direct deposit of federal wages, salary, and
retirement payments
- Amended the CFO Act to require a consolidated financial
statement for the entire executive branch (prepared by the
Treasury department and audited by the GAO) beginning
with FY 1997
- Required 24 agencies (now known as the CFO Act
agencies) to submit audited financial statements
1996 - Federal Financial Management Improvement Act (FFMIA) - correct Answer--
Required systems to support the control of cost of
government
- Required application of accounting standards to produce
consistency in financial reporting
- Required financial management systems to support full-cost
reporting and full disclosure of financial data
2002 - Accountability of Tax Dollars Act - correct Answer-Required each covered
executive branch agency to prepare
and submit audited financial statements
2010 - National Defense Authorization Act - correct Answer-Required that DoD financial
statements be validated as ready
for audit by September 30, 2017
SFFAC - correct Answer-Statements of Federal Financial Accounting Concepts
SFFAC 1 - correct Answer-Objectives of Federal Financial Reporting
- Budgetary integrity
- Operating performance
- Systems and control
- Stewardship, which links to the preamble of the Constitution requirement of promoting
the general welfare
SFFAC 2 - correct Answer-Entity and Display
Solutions
DD Form 1610 - correct Answer-Request and Authorization for TDY Travel of DoD
Personnel
DD From 1351-2 - correct Answer-Travel Voucher
DD Form 2657 - correct Answer-Daily Statement of Accountability
SF 1219 - correct Answer-Monthly Statement of Accountability
DD Form 2665 - correct Answer-Daily Agent Accountability Summary
DD Form 2659 - correct Answer-Voucher Control Log
SF 215 - correct Answer-deposit ticket
OTCnet - correct Answer--reports checks and cash deposits
-aids classification for treasury
-makes own ticket (deposit ticket)
DD Form 1414 - correct Answer-Base for Reprogramming Actions
DD Form 1415-1 - correct Answer-Reprogramming Actions
DD Form 1415-3 - correct Answer-Prior Approval and Internal
DD Form 1416 - correct Answer-Report of Programs
Title 10 USC - correct Answer-Outlines the role of the armed forces. It provides the legal
basis for the roles, missions, and organization of each of the services, as well as, the
United States Department of Defense.
Debt Collection Improvement Act of 1996 - correct Answer-It specifically requires that
any debt more than 180 days old and not in litigation be referred to the U.S. Treasury
for action
1990 - CFO Act - correct Answer-Required:
- Appointment of a chief financial officer in twenty-four
, major federal agencies
- Financial reports for business operations
1993 - Government Performance and Results Act (GPRA), as amended by the GPRA
Modernization Act of 2010 (P.L. 111-352) - correct Answer-Required agencies to:
- Define long-term goals
- Set performance targets
- Report actual performance
1994 - Government Management Reform Act (GMRA) - correct Answer-- Required
direct deposit of federal wages, salary, and
retirement payments
- Amended the CFO Act to require a consolidated financial
statement for the entire executive branch (prepared by the
Treasury department and audited by the GAO) beginning
with FY 1997
- Required 24 agencies (now known as the CFO Act
agencies) to submit audited financial statements
1996 - Federal Financial Management Improvement Act (FFMIA) - correct Answer--
Required systems to support the control of cost of
government
- Required application of accounting standards to produce
consistency in financial reporting
- Required financial management systems to support full-cost
reporting and full disclosure of financial data
2002 - Accountability of Tax Dollars Act - correct Answer-Required each covered
executive branch agency to prepare
and submit audited financial statements
2010 - National Defense Authorization Act - correct Answer-Required that DoD financial
statements be validated as ready
for audit by September 30, 2017
SFFAC - correct Answer-Statements of Federal Financial Accounting Concepts
SFFAC 1 - correct Answer-Objectives of Federal Financial Reporting
- Budgetary integrity
- Operating performance
- Systems and control
- Stewardship, which links to the preamble of the Constitution requirement of promoting
the general welfare
SFFAC 2 - correct Answer-Entity and Display
